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Gate Ventures Plc completes £2.6 million investment in Infinity Creative Media Limited (“Infinity”) Appointment of Dr Johnny Hon to the Board of Infinity.

18th August 2015

Completion of £2.6 million investment in Infinity Creative Media Limited (“Infinity”)
Appointment of Dr Johnny Hon to the Board of Infinity.

Further to Gate Ventures announcement on 21 July, the Board of Directors (“Board”) of Gate Ventures Plc announces that it has completed its investment in Infinity Creative Media Limited (“Infinity”) of £2.6 million for 2000 shares, which represents 20% of the Infinity shares currently in issue, together with an option to acquire a further 5% of Infinity’s issued shares. At the same time Dr Johnny Hon, recently appointed Chairman of Gate Ventures plc, has been appointed to the Board of Infinity.

Infinity is a UK based television production studio of which Lord Michael Grade, a former Chairman of the BBC, is Chairman. Infinity is producing a number of investor funded 13 one hour (“13×1”) high quality TV magazine programmes for global distribution, where the commercial IP remains vested entirely with Infinity and its investors. It has four 13×1 original television formats currently in production, these being The Classic Car Show, The Wine Show, The Art Show, and The Luxury Lifestyle Show. Each series produces numerous income streams for Infinity such as an executive production fee and sales commissions, with potential for additional on-going revenues, on top of the value created from the format’s original IP.

Dr Johnny Hon, Chairman of Gate Ventures PLC, said:

“Gate Ventures’ investment in Infinity represents a major milestone for the Company in realising its objective to capitalise on investment opportunities in the media and entertainment sectors. We look forward to working alongside Infinity, which, under the guidance of the most high profile and experienced management teams in the media industry, has great potential in becoming one of the top television and film producers in the UK. Gate will work with Infinity to unlock various international markets via the Board’s extensive knowledge and connections in the global media marketplace.”

Lord Grade, Chairman of Infinity Creative Media, said:

“The Board of Gate Ventures adds very complementary experience and global connectivity to Infinity’s already strong media and entertainment knowledge, and we welcome Dr Johnny Hon to Infinity’s Board.”